New Zealand, Indonesia commit to strengthening economic ties

Hanoi (VNA) - Prime Minister of New Zealand
Jacinda Ardern on March 19 stressed the "huge potential" for a
stronger economic relationship with Indonesia.

At the invitation of Ardern, Indonesian President Joko
Widodo paid a visit to New Zealand on March 18-19, as this year marked the 60th anniversary of the establishment of formal diplomatic relationship between the
two countries.

Both leaders reaffirmed a commitment to increasing two-way
trade in goods to nearly 2.9 billion USD by 2024, building on the platform
created by the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).

They emphasised that open, stable and conducive business
environments are key to achieving this goal, according to the joint statement
issued after the meeting.

The AANZFTA took effect on January 1, 2010 with commitment
to cutting 90 – 100 percent of tariff lines from 2010-2020.

New Zealand’s exports to Indonesia surpassed 70 million NZD from
2014-2017.-VNA